Finance and Insurance
Investment fraud, insurance claims, loans, frozen accounts
Finance and Insurance
Financial disputes range from a rejected insurance claim to investment fraud and voice phishing, and foreign residents are frequent targets: fake job offers, cryptocurrency schemes, and bank accounts frozen because a scammer used them.
We handle fraud cases, insurance claim disputes, loan and guarantee disputes, investor claims for mis-selling, and mediation before the Financial Supervisory Service.
What we handle
Financial fraud response
Insurance claim disputes
Loan disputes
Investor losses
Mis-selling of financial products
Financial Supervisory Service mediation
What foreign nationals should know
If your Korean bank account was frozen because someone transferred scam money into it, respond to the bank and the police quickly. Not responding can be taken as a sign of involvement.
Insurance policies are in Korean, and claim refusals often turn on what was disclosed at signing. We review the policy and the refusal letter.
Losses from unregistered investment platforms and crypto schemes can sometimes be traced and frozen if reported immediately.
Contracts signed in Korean without understanding them are not automatically void. Challenge them early with an attorney.
Frequently asked questions
Korean law lets banks freeze accounts that received funds from voice phishing. You need to show the bank and the police that you were not involved and did not knowingly lend your account. We prepare that submission.
No. You can dispute it with the insurer, apply for mediation at the Financial Supervisory Service, or sue. Many refusals rely on alleged non-disclosure that can be contested.
Sometimes, if accounts can be frozen quickly and the operators identified. Report to the police at once and keep all records. Civil recovery follows the criminal case.
Yes, with the same rights as a Korean customer. Language and documentation are the main practical hurdles, which is what we handle.
This page provides general information about Korean law and is not legal advice. Outcomes depend on the facts of each case. Consultations are paid and are held in English or with an interpreter.